"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •168 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 929.00 | -5.60 | -0.60% |
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WTI Crude •5 hours | 70.19 | -0.39 | -0.55% |
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Gasoline •11 mins | 1.935 | -0.008 | -0.42% |
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Ethanol •168 days | 2.161 | +0.000 | +0.00% |
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Silver •168 days | 30.82 | +1.16 | +3.92% |
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Silver • 168 days | 30.82 | +1.16 | +3.92% | |
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Copper • 168 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 73.17 | -0.22 | -0.30% | |
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Natural Gas • 10 mins | 3.462 | +0.088 | +2.61% | |
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Heating Oil • 25 mins | 2.248 | -0.007 | -0.31% |
Brad Gudgeon
Contributor since: 01 Jun 2014
Biography
BluStar Market Timer Investment Philosophy: The stock market is currently in a technical Elliott Wave Bear Market Rally. It has been exhibiting A-B-C type waves instead of the normal 5 Waves since the market topped in 2000. According to "The Original Works of R.N. Elliott", we are due for a move down to about the S&P 500 442/443 area in the next few years. In my opinion, this is no longer a buy and hold market, but a traders' market. We mainly swing trade the market with funds and ETF's, but otherwise trade according to the market's disposition and to the traders' discretion. For the year 2014, BluStar Market Timer is rated #1 according to Timer Trac.
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SPX Drop into the 2130's Expected, Now What?
Yesterday, I wrote that I believed we were headed for minimum move down into the low to mid 2130's SPX this week. We tagged 2129/30…
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Stock Market Update
The stock market rallied on Monday out of the 8 TD low on Friday. The 8 TD low is acting more like a 4 TD…
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Stock Market Down Monday?
The SPX could take a plunge Monday, but the set up is there for a nice rebound into October 14th. I think we finally get…
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Gold to Rally $80 into October 14th?
I admit I missed the GDX move down to 22.93 today, but at the same time it has presented itself with a great opportunity. The…
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Choppy, Toppy Market into Early October
Last week, we saw the stock market whipsaw: up one day and down the next. That pattern should continue into October 4th with another down…
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SPX, GDX Update
The charts below show why I expected lower prices into this week from last week. Larger Image Larger Image Also coming soon is a…
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Quick Update: GDX, SPX
Due to the FED meeting, I won't have enough time to post my thoughts and the charts too. Later on this week, I will explain…
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More Selling Monday?
It looks like that we should have more selling early Monday in the stock market according to the extremes of the 4 TD low combined…
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Update: SPX, GDX
A sideways bear flag seems to be working itself into a top as late as late Friday/early Monday on the SPX (late Friday for GDX).…
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Wild Week Ahead: The Selling is Not Through!
A lot of traders I know were thinking that a low on Monday would be it and then off to the races. I was in…
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Gold, Stock Market Down: Now What?
Last I wrote, I was expecting a stock market top early in the week with the late week dropping. We had gone short on Thursday,…
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A Look at September: Gold and Stock Market
The month ahead looks choppy for both markets. Gold (especially the miners) has just come off of hard drop, so we may expect an upward/sideward…
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Gold, Silver, Mining Shares Bottom Evident
The chart below of GLD shows support on the long standing up trend line. GDX has sported a bullish “Morning Star” pattern. Normally, Mercury Retrograde…
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Big Gold Rally This Week, Stocks Down?
Last week, I wrote that I believed GDX would make one final blow-off top into or around September 1. I also wrote that the stock…
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GDX Has Just Made a Powerful Bull Flag
The GDX daily chart below shows a powerful xyz e-wave bullish flat that is projecting to 35.42 by September 1, two trading days past the…
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Gold, Silver, Miners: One More Rally Left?
The charts below of GLD and GDX show remarkable differences, at the same time there are similarities. GDX is coming into the 22 TD low…
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SP500 Down 10% into Early September?
The chart below shows the weekly SPX since late 2008 to the current. According to my calculations, Wave Y of a WXY "Y" of B…
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Here Comes The Air Pocket!
The astro/cycle/wave read between now and August 15th looks for a quick abrupt air pocket of close to 3% in the SPX. At first, I…
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Stock Market: Likely Pullback into Friday
I tracked the 4/8 TD lows and they point to 3:45 PM EDT Friday for the expected low±. Friday is the 32 TD low +1.…
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Stock Market Update
The chart below shows an alternative wave count to the one I proposed earlier this week. At this juncture (8/9/16), we have made a new…
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